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May 31, 2018

What I Learned From My First Property Investment

When Wealth Alliance co-founder, Sylvia Milosevic, first started out in property, she faced many challenges. In her early twenties, Milosevic invested in her first property, she went about it alone and made a few mistakes along the way.

Speaking to the #RealEstate show on Business Day TV, the property entrepreneur highlighted that when she purchased her first investment property, she had no idea how to ‘run it from there.’

“One of the challenges I had was dealing with difficult tenants. So, I didn’t know about evictions. I didn’t even know how to handle a tenant whose not paying rent on time.”

She has since learned that to a credit check goes a long way. These are just some of the lessons Milosevic learned during her early investment years.

She also discussed the value in distressed properties: “You want to look for the worst property on the best street.” Basically look for a property you can add value to.

View the interview below for a more in-depth look at the common mistakes made when investing in property.

 


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2 Comments on “What I Learned From My First Property Investment

Vuyo
September 13, 2018 at 3:51 pm

Good day my name is Vuyo I am based in Durban and I would like to attend this seminar which will be I’m Durban.I would like to know how do I get a seat to this event

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Think and Grow Rich Admin
September 15, 2018 at 2:15 pm

Hi Vuyo,

Please register on our website by picking one of the dates suitable to you.

Think and Grow Rich Team

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